St George Athenagoras
850 Locust St
Philadelphia, Philadelphia County, Pennsylvania 19107

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Funding Programs

St George Athenagoras was developed and operates with Federal housing financing. The property utilizes the Section 202 Federal housing program to make rent affordable to lower income tenants.

Section 202

The property was developed with funding through the HUD Section 202 program which provides funding for housing for seniors who are 62 or older. The program provided both capital financing to construct the property and operating subsidies that work as rental assistance like the Section 8 program. St George Athenagoras is among only 272 Section 202 properties in Pennsylvania and 6,166 in the country.

Overview

St George Athenagoras is an affordable apartment community located in Philadelphia, Pennsylvania which is located in Philadelphia County. The property is located in Pennsylvania's 2nd Congressional District served by Representative Dwight Evans (D), Senator Patrick Toomey (R) and Senator Robert Casey (D).

St George Athenagoras is an apartment community containing 94 rental units. The property contains 32 bedrooms and based on typical apartment occupancy limits, St George Athenagoras is home to not more than 110 persons when fully occupied.

Rent Subsidies

St George Athenagoras provides rental subsidies to renters. The type of subsidy provided to apartment renters in Philadelphia, PA by this property is Section 202 Rental Assistance.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is no minimum rent at this property for residents receiving a rent subsidy but in recent years, there has been discussions in Congress to implement a minimum rent in the Section 202 Program to reduce cost burden on the Federal budget.

Unit Mix

St George Athenagoras contains a mix of 94 assisted studio and one bedroom apartments for rent. There are 62 Studio and 32 One Bedroom apartments in this property. The unit mix is 66% Studio and 34% One Bedroom apartment rentals. The average bedroom size for St George Athenagoras is 0.34.

Pennsylvania's 2nd

Congressional District

94

Total Units

94

Project Based Sec. 8 Units

39

Section 202 Units

39

Senior Units

86.3

% of Fair Market Rent

31-May-19

Project Based Sec. 8 Contract Expiration

Studio and One

Unit Mix

0.82

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data